The information contained in this post is not to be relied upon.

You can not rely on rental income to help you qualify on a 2nd home transaction, and you can put as little as 10% down on a 2nd home.As for the 2nd part of your question: "Cash offer on distressed home in the Winter, rehab etc" - if you're paying cash, there isn't a loan, so you don't need to declare/specify occupancy when paying cash.

Destin, Florida (Emerald Coast)Depending on leverage and monies available they vary in buy in.RegardsJoe

It can vary based on the neighborhood and the property's condition, though.

Median SFH are selling for right about $600,000 and properties are appreciating about 10% a year in recent years, though that can’t last forever.I am self-employed and do pretty well, but I do not have a W2 and my income varies quite a bit.

However, I also hear that they have varying fees across the board that can eat into the seller's take-home.

The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.

It'd make little sense for me to share my metrics given that they vary, don't constitute a statistically representative sample and also my knowledge and relationships allow me to get deals that you might not be able to get/find.Hope this is helpful.

For the moment let's leave out what I paid for the land, because it will vary and in any event it is easy to subtract that amount at the end.